Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-10-12-Speech-3-046-000"
| Predicate | Value (sorted: default) |
|---|---|
| rdf:type | |
| dcterms:Date | |
| dcterms:Is Part Of | |
| dcterms:Language | |
| lpv:document identification number |
"en.20111012.14.3-046-000"2
|
| lpv:hasSubsequent | |
| lpv:speaker | |
| lpv:spokenAs | |
| lpv:translated text |
"Mr President, since the last debates on the state of the European Union here in Parliament, the situation has come to a head. I would like to say that none of the proposals have been taken up and implemented. I recognise that the situation has become rather critical. That is perhaps our problem. We are a long way from a comprehensive solution. It seems as if the players on the financial markets are just telling themselves that they do not need to take all this very seriously and that they will just carry on regardless – and they are carrying on regardless.
They are cheerfully betting on the interest rates for Greek, Spanish and Italian bonds, while the credit rating agencies, which are caught in a conflict of interests, are fanning the flames by reducing the credit rating of Spain and Italy. Greater attention is now turning to those European banks, whose undercapitalisation poses a growing risk, as demonstrated by the Dexia bank, for example. The people of Greece, Portugal and Spain are organising mass protests against the drastic measures to reduce public expenditure. Unemployment, the situation among young people and the austerity measures are mostly burdening citizens rather than those who have caused the crisis, namely, the players on the unregulated financial markets.
In our Member States, there is an increasing lack of confidence in the institutions of Europe. This week, marchers from Spain, the
are here in Brussels. They want to give expression to their protest against the consequences of the policy of privatisation and liberalisation, which has led to the excesses of the markets. This movement of dissatisfied people encompasses all of those countries that are placing the burden of the crisis on the shoulders of ordinary people. The clear failure of neoliberal policy affects not only the financial markets; it is clear here that speculating on rising and falling prices has long since reached other areas, for example, the global agricultural market and the commodities markets. The functioning of the real economy itself is at risk, because only a few large international companies can cope in a financially sensible way with the extreme fluctuations.
Although we talk about it frequently, we have ended up in a hare and tortoise situation in which the market participants, representing the tortoise, proudly proclaim ‘I am already here’. I believe that if we want to take ourselves seriously, we need to ensure that we also discuss the follow-up to the debates. I would say that, in my opinion, nothing of any consequence has changed. If the sensible proposals that have been put forward here, including by Mr Barroso, cannot be put into practice, then the situation really is desperate. That is the crucial point of criticism that I would like to express."@en1
|
| lpv:unclassifiedMetadata |
"indignados"1
|
| lpv:videoURI |
Named graphs describing this resource:
The resource appears as object in 2 triples